New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-04
CALIFORNIA TOPICS.
iTHB WHEAT DEAL-sPECULATIoN IN LAND
LOTS-EAsTERN SERVANTS IN DEMAND.
INV rEIEGRAru TO THE TRIBrNE.1


fay TELEGRAPH TO TRIBUNE
, s.rTRANClsCo Sept. 23.-The wheat market mas
been "eroggyp this week. but it looks now as
though no more failures could result from the
colIapse of the big deal. The $500 tons OF
wheat that remained of Dresbach's security luna
were sold this week and brought good price,
realizing $4,000 This is all that the creditors
will receive for the claim OF s45O,oo0. Inc he'
loss by the wheat DEAL distributed generally
among country merchants and farmers, is sl'-
100000. This is dead loss. on which not one
dollar can be regained, it represents the diner
ence between the actual and speculative '"'"
of wheat. The creditors of Drcsbach ana ho'on
field have done nothing yet in regaro ~ .io
threatened examination OF the NcN""'
books. They are waiting for su'~hcno VI ono
insolvent firms accounts hhch"S p,,
denial that the bank had anything to do with
tho ,,hoat deal or owned bushel of wheat was
received with ONE increduty by brokers' VINO
have watched the manipulation OF the local
wheat market The hears took advantage oil the
co,,snsa in wheat to make desperate RAID on
the mining stock market at the opening OF the
week: but after the slaughter Of stocks held on
small margins, the downward movement was
checked by the Nevada Bank, which held up
Con. Virginia and Calef by main force, and thus
forced other stocks to sympathi2e.
The real estate craze still continues, and Is
spreading TO towns in the Sacramento and san
joaquin Valleys The gambling in lots near
Golden Gate Park is not so brisk as 1t was last
week. and many spectators bid fair TO lose
the money they have put IN to hold land Tor
thirty or sixty days. Many transfers OF CITY
property are recorded, which represent healtny
sales, and this boom will probably result In
general advance Of prices and good business in
pfy In IA
boom RACES and suburban tracts are being
divided to crafty the popular passion Tor iots'
The San Jose boom is extremely babby, although
by "wash' sales the real estate agents manage 10
make q good showing. In Santa Cruz many
Eastern visitors have invested and large advances
in prjces have occurred within two months. Sac
ramento and Napa are the latest victims OF the
real estate craze. In both places excitement is
intense and nearly every has heen drawn into
the gambling in corner lots and villa sites.
An inquiry from Philadelphia girl in regard
20 chances for Eastern girls TO get places here
as domestic servants, suggests that reply mere
might meet the eyes OF others who have similar
desire t. come West No industrious, competent
girl who is used to Homework and cooking, can
fail to get o place in San Francisco in few
days. Many employ Chinese because they cannot
get good white servants. Wages range from SID
to $40 month"; and it may be broadly stated
that girls who can get only $40 or sl2 In New
complaint of lack of good servants comes from
Los Angeles and all the colonies about it, Indeed,
so great is the demand there that one lady pro-
posed importing servants direct from England
and Scotland.
Kate Field has just returned from Alaska. She
declares that the Government has wholly neglected
the care of the Indians there, and after twenty
years ownership Of the territory, it is just be-
ginning TO discuss the need of school houses.
One mile of new electric road has been laid in
Oakland. The electricity is conveyed by wires
to conductors in conduit midway between the
tracks.
Sonora Guadaloup Gutierrez died this week at
Santa Cruz at the age of one hundred and six
years. She came to Santa Cruz over seventy-hve
years ago with company Of Mexican colonists,
and has lived continuously there all these years.
The improvement of Big Pend Tunnel on
Feather River is completed, and about the middle
of this month water will be turned through this
tunnel 1t is intended to divert the waters Of
Feather River that the OLD bed of the river,
for twelve miles around a big bend, may be
mined. 1t is expected that the river bed will be
rich in gold; and If the scheme proves successful
1t will be initiated in other places.
According to the State mneralogist petroleum
will soon take an important place among Cali
fornia products. The petroleum districts in Los
yield the largest amount. fair quality of
coal has been found at Elsenore, San Diego
County, where there are also rich deposits Of iron
Santa Barbara promises to have one of the
biggest booms this winter OF all California resorts
The completion of the Southern Pacific Railroad
to the city brings il within easy reach of Eastern
tourists, and hundreds are now visiting il every
week Property has advanced with bound and
blocks near the centre of the town, which last
year could he bought for $1,000, are now selling
for S17 900.
The resignation Of Henry Barroil, the CHILEAN
Consul here for many years, has called attention
to the complete collapse OF American trade with
Chill. Within the year only two ships arrived
here from Valparaiso, and these were bound for
Puget Sound where they unloaded their cargo
Not dollars worth of merchandise is shipped
from here to Chill. and nothing is imported No
San Francisco bank will send draft on Chill.
The English have captured the Chllian trade
completely. I'm the meantime the American trade
with Costa Rica is increasing. Many Americans
have gone IN there lately. The Government en-
sourages all schemes. The next steamer which
sails from here will take heavier shipments OF
goods for Costa RIGA than have been sent from
this city for years.
battery Of forty-ive men of the 1st Artillery
Jeff here yesterday for Round Valley Indian
reservation to protect Indians from the encroach-
ments of white settlers. The reservation consists
OF one hundred thousand acres Of rich land on
which are five hundred Digger Indians Many
whites have squatted on the edges of this fine
Domain
CHICAGOS BUCKET SHOP WAR.